Latest Updates Around The World
Reports before Davos suggested that President Trump would announce an initiative to boost homeownership by allowing individuals to withdraw money from their 401(k) accounts to make a down payment on a home purchase without a 10% early withdrawal penalty. Davos has come and gone, and we now hear reports that the president is “not a […]
Down payment assistance programs continue to play a role in expanding access to homeownership, offering an average benefit of approximately $18,000. DPR said the level of assistance reduces a homebuyer’s loan-to-value ratio by approximately 8.8%, improving borrower qualifications and overall loan profiles. Many programs also cover closing costs, prepayment fees, mortgage interest rate buydowns, and […]
IPrimea subsidiary and subsidiary of the Texas-based Megatel housesis about to launch its digital currency, the MP Token, designed as a rewards platform that renters and homeowners can leverage as a financial path to homeownership. As an incentive to participate in the MP Token rewards program, the program offers up to $25,000 in down payment […]
During the holidays I lurked in a real estate agent’s Facebook group. They discussed commissions in a way that might not have been legal. I left a comment about that and now I can’t find the original post. Maybe someone was concerned. Agents in the group discussed what they do when a home buyer wants […]
“They have strong demand for the American dream of home ownership, but now they’re just feeling left behind,” Jessica Lautz, deputy chief economist at NAR, said of first-time buyers. “Homeownership is a way many Americans build wealth… and unfortunately, they’re just being pushed to the sidelines for an extended period of time and missing out […]
In 2020, I began to track a steady decline in consumer confidence in the mortgage industry. Five years later, that decline has reached a clear low point. Only 20 percent of millennials and Generation Z say they trust mortgage professionals to help them make informed decisions. The knowledge gap remains significant, but in an age […]
According to the findings, 93% of millennials and Gen Z reported that they were not taught financial literacy in school, while only 7% could correctly identify the minimum down payment needed to purchase a home. Twenty percent say they trust lenders and real estate professionals to guide them through important financial decisions. Researchers say that […]
“Home ownership remains one of life’s most monumental transactions, and today buyers are approaching that life goal with new expectations,” said Ginger Wilcox, president of Better Homes and Gardens Real Estate. “High barriers to entry have created a generation of buyers who know what they want and won’t settle for less. These insights can help […]
“Today’s buyers aren’t just looking for a home – they’re looking for a sense of community,” said Chris Lim, Chief Growth Officer of REMAX. “It is the job of real estate professionals to help potential buyers find homes and neighborhoods that meet their financial needs while supporting the way they want to live.” Affordability and […]
More than half (56%) of businesses cited housing affordability as the biggest challenge in 2026, with rising costs (36%) and local economic conditions (35%) also driving a large response share. Despite these persistent headwinds, companies are cautiously optimistic. Thirty-eight percent expect profitability to increase in 2025, compared to 30% in 2023 – the last time […]
